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Very confused on how to get depreciation numbers for machines. Please help (: At the beginning of the year, Grillo Industries bought three used machines

Very confused on how to get depreciation numbers for machines. Please help (: image text in transcribed
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At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated The machines immediately were overhauled, were installed, and started operating Because the machines were different each was recorded separately in the accounts: Cost of the asset Installation costs Renovation costs prior to use Repairs after production began Machine A $10,200 900 700 580 Machine B $39,400 3,300 2,900 800 Machine C 523,200 2,400 3,400 1,900 By the end of the first year, each machine had been operating 8,000 hours. Required: 1. Compute the cost of each machine, 2. Prepare the journal entry to record depreciation expense at the end of year 1 assuming the following Hachine Estimates LITE Residual Value 5 years $2,200 20,000 hours 1,500 10 years 1.700 Depreciation Method Straight line Units of production Double-declining balance C Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of each machine Machine A Machine B Machine C Cost of Machine 5 11,800 $ 45 600 $ 29.000 Required 2 > Required 1 Required 2 Prepare the journal Jentry to record depreciation expense at the end of year 1, assuming the following: (If no entry is required f transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list View journal entry worksheet Debit Credit NO 1 Transaction 1 General Journal Depreciation Expense Accumulated Depreciation Machine A Accumulated Depreciation Machine B Accumulated Depreciation - Machine

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